Ann: Appendix 4E and FY16 Annual Report-PSY.AX, page-12

I'm concerned as to the way they worded it... are they saying, like you said, that they will be exploring additional alternatives.... or has the cantilever design (the key aspect to their technology) hit a road block, forcing them to seek an alternative.

The mention of a US-based subsidiary sounds interesting. however any contracts seem highly unlikely in the near term... I, like many, were anticipating the first "major" contract this year... "The coming year will see the Company undertake a number of exciting developments which we anticipate to include commercial arrangements with internationally recognisable organisations operating in Priority Markets".... if they anticipated any deals in the near term then they would have stated that. so now it's looking like any contracts are a long way off. getting very frustrating indeed